CEU Electronic Theses and Dissertations, 2024
| Author | Lleshi, Armando |
|---|---|
| Title | The Great Depression and the Faults of Monetary Policy: An Analysis of the Monetary Policies by the Federal Reserve during the Crisis |
| Summary | This thesis investigates the role of the monetary policies taken by the Federal Reserve during the late 1920s and the early 1930s in the exacerbation of the Great Depression. Through a qualitative analysis of the primary source documents, such as meeting minutes and the internal correspondence of the Federal Open Market Committee (FOMC), as well as a comparative analysis of the countries that remained in the Gold Standard and those that did not, I argue that there have, indeed, been problematic policies taken by the Fed that helped contribute to the depth and duration of the Great Depression. The Fed’s contractionary stance in the late 1920s, the failure to respond to banking panics, and the adherence to the rigid Gold Standard figured prominently among the critical factors that helped turn what could have been a normal crisis, into one of the biggest economic downturns in history. |
| Supervisor | Horvath, Julius |
| Department | Undergraduate Studies BA |
| Full text | https://www.etd.ceu.edu/2024/lleshi_armando.pdf |
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